Pacific energy projects funding

$1 billion for Pacific energy projects

“The $635 million committed at the 2013 Pacific Energy Summit has translated into over $900 million of investments across 70 projects,” New Zealand Foreign Minister Murray McCully says.

“In the same way, I hope to see the $1 billion of commitments announced today increase as opportunities for leverage become apparent, and as the ambition of partners grows.

“With the growing role for the private sector and the prospect of access to the UN Green Climate Fund there should be significant potential to further expand our efforts in this area.